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Equity indices spurt with rally in banking scrips, IndusInd up 12 pc

Video Credit: ANI - Duration: 01:13s - Published
Equity indices spurt with rally in banking scrips, IndusInd up 12 pc

Equity indices spurt with rally in banking scrips, IndusInd up 12 pc

Equity benchmark indices traded higher on the first day of September futures and options series with banking and financials contributing significantly to the gains.

The BSE S and P Sensex closed 354 points or 0.9 per cent higher at 39,467 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,655.

Except for Nifty auto, FMCG and metal, all sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 4.9 per cent, private bank by 4.5 per cent and financial service by 2.1 per cent.

IndusInd Bank jumped by 12 per cent to close at Rs 679.05 per share while Axis Bank moved up by 7.9 per cent, ICICI Bank by 4.4 per cent and Kotak Mahindra Bank by 3.7 per cent.Punjab National Bank was up by 5.6 per cent at Rs 37.30 per share while State Bank of India gained by 4.5 per cent to Rs 225.40.

The other major gainers were UPL, Sun Pharma, Adani Ports, Grasim and Bharti Infratel.However, JSW Steel, Hero MotoCorp, Tata Motors, HDFC Life, Infosys, Dr Reddy's and Hindustan Lever traded with a negative bias.

Meanwhile, Asian shares were mixed as investors pondered over the US Federal Reserve's new strategy to adopt an average inflation target and restore the United States to full employment in the fight to contain coronavirus pandemic.

Japanese shares dropped with the Nikkei down 1.41 per cent as Prime Minister Shinzo Abe resigned because of a chronic health condition, saying he will stay on until a new leader is appointed.But Hong Kong's Hang Seng rose by 0.56 per cent and South Korea's Kospi ticked up by 0.4 per cent.


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IndusInd Bank Indian private sector bank

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Equity benchmark indices dipped sharply during early hours on Monday as the country recorded a massive surge of 1.69 lakh COVID-19 cases in the past 24 hours and curbs were imposed in different regions to contain the spread of virus. At 10:15 am, the BSE S-P Sensex was down by 1,231 points or 2.48 per cent at 48,360 while the Nifty 50 tumbled by 348 points or 2.34 per cent to 14,487. Except for Nifty pharma, all other sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 6.5 per cent, private bank by 4 per cent, realty by 5.4 per cent, auto by 3.8 per cent and metal by 2.5 per cent. Among stocks, IndusInd Bank cracked by 6.8 per cent to Rs 860.20 per share while Kotak Mahindra Bank lost by 3.97 per cent to Rs 1,728.75. State Bank of India was down by 5.7 per cent to Rs 332.60.

Credit: ANI    Duration: 01:45Published
Equity indices trade flat, banking stocks under pressure [Video]

Equity indices trade flat, banking stocks under pressure

Equity benchmark indices traded flat during early hours on Friday on the back of mixed cues from their Asian peers. At 10:15 am, the BSE S-P Sensex was up by 119 points or 0.24 per cent at 49,865 while the Nifty 50 edged higher by 35 points or 0.24 per cent to 14,909. Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 0.5 per cent and financial service by 0.3 per cent. But Nifty PSU bank rose by 2.9 per cent and pharma by 1 per cent. Among stocks, ICICI Bank, HDFC Bank and IndusInd Bank traded half a per cent lower while Bajaj Finance lost by 1.7 per cent to Rs 4,943.20 per share. UPL, Asian Paints, SBI Life and IndianOil Corporation too were in the negative zone.

Credit: ANI    Duration: 01:09Published
Sensex cracks by 871 points on COVID worries, banking and financials hit [Video]

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Equity benchmark indices fell sharply on Monday as a record jump in Covid-19 cases led to lockdown-like restrictions in economically important state of Maharashtra. That spooked investors sentiment as these restrictions can impact growth recovery. A weak PMI manufacturing print for March also elevated concerns on the growth front. The BSE SandP Sensex closed 871 points or 1.74 per cent lower at 49,159 while the Nifty 50 edged lower by 230 points or 1.54 per cent to 14,638. Except for Nifty IT which jumped by 1.9 per cent and metal which gained marginally, all other sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 4.1 per cent, private bank by 3.4 per cent, financial service by 3.2 per cent each auto by 2.6 per cent. Among stocks, IndusInd Bank lost by 5.7 per cent to Rs 938.25 per share while Axis Bank was down by 3.6 per cent and ICICI Bank by 3.7 per cent. State Bank of India fell by 4.5 per cent.

Credit: ANI    Duration: 01:14Published
Equity indices dip on COVID worries, banking stocks suffer [Video]

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Equity benchmark indices were on a downswing during early hours on April 05 amid worries over rapidly increasing Covid-19 cases in the country. At 10:15 am, the BSE SandP Sensex was down by 1,046 points or 2.09 per cent at 49,984 while the Nifty 50 edged lower by 249 points or 1.67 per cent to 14,618. Except for Nifty IT which jumped by 1.8 per cent, all other sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 2 per cent, PSU bank and financial service by 1.9 per cent each, realty by 1.4 per cent and auto by 0.8 per cent. Among stocks, IndusInd Bank lost by 3.6 per cent to Rs 962.05 per share while Axis Bank was down by 2.4 per cent and ICICI Bank by 2.2 per cent. State Bank of India fell by 2.3 per cent, Bajaj Finance by 3.6 per cent and Bajaj Finserv by 2 per cent. Home loan lender dropped by 2.3 per cent to Rs 2,472.90 per unit. However, IT software major Infosys was up by 2.5 per cent, Wipro by 2.2 per cent and HCL Technologies by 2 per cent. Wipro, Britannia, JSW Steel and Cipla too traded with a positive bias.

Credit: ANI    Duration: 01:06Published

Bombay Stock Exchange Bombay Stock Exchange Stock exchange in Mumbai, India

Equity indices trade flat, Infosys drops 3.8 pc [Video]

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Equity benchmark indices traded flat during early hours on April 15 amid an interplay of resurgence in COVID-19 cases and the pace of vaccination. Investors tracked updates on the vaccines approval and prediction of a normal monsoon season across the country despite mixed global cues. At 10:15 am, the BSE S and P Sensex was down by 204 points or 0.42 per cent at 48,340 while the Nifty 50 edged lower by 40 points or 0.28 per cent to 14,465. Nifty metal rose by 1.5 per cent and pharma by 1.1 per cent. But all other sectoral indices at the National Stock Exchange were in the red. Among stocks, IT software major Infosys dropped by 3.6 per cent to Rs 1,344.40 per share after reporting a 2.3 per cent sequential decline in consolidated profit at Rs 5,076 crore for the quarter ended March. Traders booked profit even as the company board approved a buyback of equity shares through open market route amounting to Rs 9,200 crore at a price not exceeding Rs 1,750 a share, Grasim lost by 3.2 per cent, Eicher Motors by 3.1 per cent, Mahindra and Mahindra by 2.8 per cent, Maruti Suzuki by 1.7 per cent and Bajaj Finance by 1 per cent. However, pharma major Cipla rose by 3.3 per cent to Rs 914.70 per share. The other prominent gainers were Sun Pharma, Dr Reddy's, Hindalco, Tata Steel, Wipro and Adani Ports. Meanwhile, Asian shares were on the backfoot following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares.

Credit: ANI    Duration: 01:17Published
Bourses closed on account of Ambedkar Jayanti [Video]

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The National Stock Exchange (NSE) of India and BSE Ltd (earlier known as Bombay Stock Exchange) were closed on Wednesday on account of Dr Baba Saheb Ambedkar Jayanti. Wholesale commodity markets including metal and bullion were also shut. There was no trading activity in forex and commodity futures markets either. A day earlier, the BSE SandP Sensex closed 661 points or 1.35 per cent higher at 48,544 while the Nifty 50 edged higher by 194 points or 1.36 per cent to 14,505.

Credit: ANI    Duration: 01:05Published
Equity indices edge higher on mixed Asian cues, ONGC top gainer [Video]

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Equity benchmark indices ticked up marginally during early hours on Tuesday tracking similar trends in Asian markets. At 10:15 am, the BSE S and P Sensex was up by 411 points or 0.86 per cent at 48,294 while the Nifty 50 edged higher by 131 points or 0.91 per cent to 14,442. Except for Nifty IT which dropped by 1.5 per cent, all other sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank up by 3 per cent, private bank by 1.4 per cent, auto by 2.4 per cent and FMCG by 0.9 per cent. Among stocks, energy major ONGC moved up by 4 per cent to Rs 102 per share. Bajaj Finserv and Bajaj Finance gained by 3.8 per cent and 2.6 per cent respectively.

Credit: ANI    Duration: 01:33Published
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Credit: ANI    Duration: 01:11Published

NIFTY 50 NIFTY 50 Indian stock market index

Equity indices end flat, Wipro gains 9% [Video]

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Equity benchmark indices ended flat after a volatile session on Friday with investors staying on the sidelines as COVID-19 situation gets grimmer by the day. The BSE SandP Sensex closed 28 points or 0.06 per cent higher at 48,832 while the Nifty 50 ticked up by 36 points or 0.25 per cent to 14,618. Sectoral indices at the National Stock Exchange were mixed Nifty pharma surging by 1.9 per cent, auto and IT by 1.1 per cent each, and metal by 0.8 per cent. Among stocks, IT software major Wipro moved up by 9 per cent to Rs 469.45 per share after reporting 28 per cent y-o-y jump in net profit at Rs 2,972 crore for the quarter ended March.

Credit: ANI    Duration: 01:11Published
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Equity benchmark indices traded in the positive terrain during early hours on Friday led by IT and auto stocks amid mixed Asian cues. At 10:15 am, the BSE S-P Sensex was up by 163 points or 0.33 per cent at 48,967 while the Nifty 50 edged higher by 78 points or 0.54 per cent to 14,660. All other sectoral indices at the National Stock Exchange were in the green zone with Nifty IT surging by 1.5 per cent, PSI bank by 1.1 per cent, auto by 1 per cent and metal by 0.8 per cent. Among stocks, IT software major Wipro moved up by 7.6 per cent to Rs 463.60 per share after reporting 28 per cent y-o-y jump in net profit at Rs 2,972 crore for the quarter ended March.

Credit: ANI    Duration: 01:11Published
Equity indices end higher led by pharma, financial stocks [Video]

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Credit: ANI    Duration: 01:17Published

Punjab National Bank Punjab National Bank Indian public sector bank

PNB fraud: UK government clears Nirav Modi's extradition to India

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Nirav Modi’s extradition to India cleared by Priti Patel l What happens next [Video]

Nirav Modi’s extradition to India cleared by Priti Patel l What happens next

UK Home Secretary Priti Patel has signed off on the order to extradite Nirav Modi, wanted in India on fraud and money laundering charges related to the estimated USD 2-billion Punjab National Bank (PNB) scam case, senior Indian diplomatic sources in the UK said on Friday. Modi, 50, who remains behind bars at Wandsworth Prison in southwest London, has 14 days to apply for permission to appeal against the Home Secretary’s order in the High Court in London. Back on February 25, the Westminster Magistrates’ Court had concluded that the diamond merchant has a case to answer before the Indian courts, leaving the sign off on the order with the Cabinet minister.

Credit: HT Digital Content    Duration: 01:22Published
India to work closely with UK for early extradition of Nirav Modi: MEA [Video]

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Credit: ANI    Duration: 01:01Published
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Credit: Oneindia    Duration: 02:30Published

Axis Bank Indian private sector bank

Guard allegedly flees with Rs 4.04 crore from Chandigarh bank [Video]

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A security guard working at Axis Bank branch in Chandigarh's Sector 34A allegedly ran away with Rs 4.04 crore in cash, as per police. "A case has been registered and raids are being conducted at suspected places to nab the culprit," said police.

Credit: ANI    Duration: 01:09Published
Equity indices remain range-bound, private banks lose [Video]

Equity indices remain range-bound, private banks lose

Equity benchmark indices traded within a narrow range on Friday as surging Covid cases became an area of serious concern with several cities declaring night curfews Market experts said unless this second wave peaks soon and subsides, economic activity will be impacted and uncertainty will weigh on investor sentiments. The BSE SandP Sensex closed 155 points or 0.31 per cent lower at 49,591 while the Nifty 50 slipped by 39 points or 0.26 per cent to 14,835. Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 0.9 per cent and financial service by 0.7 per cent. But Nifty PSU bank rose by 2 per cent and pharma by 3 per cent. Among stocks, Axis Bank closed 2 per cent lower at Rs 668.05 per share while ICICI Bank lost by 1.8 per cent to Rs 565.95. Bajaj Finance skidded by 3 per cent to close at Rs 4,878 per share. UPL, UltraTech Cement, Tata Steel, NTPC, Coal India and IndianOil Corporation too were in the negative zone. However, pharma major Cipla jumped by 5.3 per cent to Rs 836.95 per share. Sun Pharma too gained by 3.5 per cent and Dr Reddy's by 1.6 per cent. The other prominent winners were Hindustan Lever, Tech Mahindra, Wipro, Tata Motors, JSW Steel and Titan. Meanwhile, Asian equities were in a choppy trading session after technology stocks lifted the SandP 500 to a new record. Investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits. Japan's Nikkei was up by 0.2 per cent but Hong Kong's Hang Seng index rolled down by 1.07 per cent. South Korea's Kospi too fell by 0.36 per cent.

Credit: ANI    Duration: 01:24Published

ICICI Bank ICICI Bank Indian private sector bank

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc [Video]

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc

Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22. Moreover, the International Monetary Fund has projected India's GDP to grow at 12.5 per cent in FY22. The BSE SandP Sensex closed 460 points or 0.94 per cent higher at 49,662 while the Nifty 50 edged higher by 136 points or 0.92 per cent to 14,819. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2 per cent, auto by 1.4 per cent, financial service by 1.1 per cent and IT by 1 per cent. Among stocks, JSW Steel was up by 5.3 per cent to Rs 566.10 per share. State Bank of India gained by 2.2 per cent, SBI Life by 2.1 per cent and ICICI Bank by 1.9 per cent The other prominent winners were Britannia, Nestle India, Bajaj Auto, Hero MotoCorp, Wipro and Bharti Airtel. However, Adani Ports fell by 1.9 per cent to close at Rs 819 per share. The others which lost were Titan, Tata Consumer Products, UPL, Hindustan Lever and Tata Motors. Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery. Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy. MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains. Japan's Nikkei was 0.12 per cent higher while South Korea's Kospi added 0.33 per cent. Hong Kong's Hang Seng index fell by 0.91 per cent as technology stocks dipped.

Credit: ANI    Duration: 01:12Published

Kotak Mahindra Bank Indian private sector bank

Equity gauges dip, HDFC Bank top loser [Video]

Equity gauges dip, HDFC Bank top loser

Equity benchmark indices dipped by over half a per cent during early hours on Wednesday amid mixed global cues with banking and financial stocks taking a hit. At 10:15 am, the BSE SandP Sensex was down by 417 points or 0.83 per cent at 49,719 while the Nifty 50 edged lower by 91 points or 0.61 per cent to 14,754. Sectoral indices at the National Stock Exchange were mixed with Nifty financial service lower by 1.3 per cent, private bank by 1 per cent and IT by 0.5 per cent. But Nifty metal, PSU bank rose by 1 per cent each. Among stocks, HDFC Bank lost by 3 per cent to Rs 1,506.40 per share while home loan lender HDFC was down by 2.8 per cent to Rs 2,531. ICICI Bank ticked lower by 1.4 per cent, Kotak Mahindra Bank by 0.7 per cent, Tech Mahindra by 1.1 per cent and Bajaj Auto by 0.7 per cent. However, Tata Motors, Tata Steel, SBI Life, Adani Ports, Hindalco and Bajaj Finserv traded with a positive bias. Meanwhile, Asian stocks were on track for their first monthly loss since last October even as investors focused on growing signs of a sure-footed global economic recovery. Japan's Nikkei was down 0.71 per cent while Hong Kong's Hang Seng fell by 0.31 per cent. South Korea's Kospi moved up a bit by 0.08 per cent.

Credit: ANI    Duration: 01:19Published
Equity gauges down on weak global cues, Nifty PSU bank slips 2 pc [Video]

Equity gauges down on weak global cues, Nifty PSU bank slips 2 pc

Equity benchmark indices traded lower during early hours on Thursday following weak global cues amid concerns about rising coronavirus cases and extension of lockdown measures in some countries. At 10:15 am, the BSE S-P Sensex was down by 387 points or 0.79 per cent at 48,793 while the Nifty 50 edged lower by 107 points or 0.68 per cent to 14,442. All sectoral indices at the National Stock Exchange were in the negative zone. Nifty PSU bank dipped by 2 per cent while Nifty realty was down by 1.8 per cent, IT by 1.4 per cent and auto by 1.2 per cent. Among stocks, Eicher Motors lost by 2.1 per cent to Rs 2,603.70 per share while Tata Motors fell by 2.2 per cent to Rs 287.90 per unit. State Bank of India cracked by 1.5 per cent, IndusInd Bank by 1.6 per cent, Bajaj Finance by 1.8 per cent and Kotak Mahindra Bank by 1.9 per cent. However, those which gained marginally were Tata Steel, JSW Steel, ONGC, GAIL and Cipla. Meanwhile, Asian equities bounced between gains and losses as a selloff in Chinese technology shares due to concerns they will be delisted from US bourses and worries about a semiconductor shortage rattled some investors. MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.1 per cent. Hong Kong shares fell sharply at the open but then trimmed their losses to a 0.18 per cent decline. Elsewhere, Japanese stocks rose by 0.71 per cent.

Credit: ANI    Duration: 01:14Published

State Bank of India State Bank of India Indian public sector bank

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